Conagra Brands raises 2023 forecast on price hikes

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Go back to Conagra Brands raises 2023 forecast on price hikes

ConAgra (CAG) PT Raised to $42 at BofA Securities

January 6, 2023 10:15 AM EST

BofA Securities analyst Bryan Spillane raised the price target on ConAgra (NYSE: CAG) to $42.00 (from $39.00) while maintaining a Neutral rating.

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ConAgra Brands (CAG) shares jump after topping expectations, raising FY23 forecast

January 5, 2023 10:09 AM EST

ConAgra Brands (NYSE: CAG) shares jumped Thursday after the company raised its annual forecasts and topped quarterly profit and revenue expectations.

The company's revenue came in at $3.3 billion versus the consensus estimate of $3.26 billion, boosted by a 17% improvement in price/mix, which was driven by the company's inflation-driven pricing actions.

Conagra shares are up over 3% at the time of writing.

With labor, logistics, and raw material costs... More